It is a mistake to suppose that central banks have the tools to alleviate the adverse consequences of poor fiscal policy, much less to restrain profligate governments. The most that the central bank can do is to reassure financial markets temporarily, until the government is able to implement a fiscal strategy which the markets find to be credible.
Charles Goodhart, professor emeritus of banking and finance at the London School of Economics, spoke about his predictions for long-term demographic change in an ageing world.
Jeremy Hunt, UK chancellor of the exchequer, set out proposals for the pension fund industry in his speech at Mansion House. These proposals focused on three of the government’s priorities.
Knut Sandal, director, payments analysis and innovation, and Peder Østbye, director of analysis at Norges Bank, discuss the settlement role of central banks should stablecoins gain traction.
Massimiliano Castelli, head of strategy and advice, global sovereign markets at UBS Asset Management, joins OMFIF to discuss the investment landscape for reserve managers.
This edition of the Bulletin sheds light on the challenges and opportunities presented by changing population dynamics. Some contributors note that shifting demographic patterns are cause for alarm, while for others, the message is not all doom and gloom.
